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Dec 30, 2012
12/12
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the world is watching and waiting to see what happens here today in washington. at this hour, congressional leaders are working to find common ground, desperate for some sort of compromise. my sources tell me this morning the odds of a deal are still no better than 50/50. the senate will convene today at 1:00 p.m., the house back in at 2:00 p.m. stock markets around the world are on edge. the dow down five days in a row falling nearly 160 points friday and early indications are those losses could be much worse if there is no deal. consumers are jittery too. their confidence in the economy plunging for the second straight month falling to its lowest level since august. so that's where we begin. let's get the latest from two top senate leaders. joining us now, senator chuck schumer of new york, senator jon kyl of arizona. so, gentlemen, do we have a deal? >> well, there are certainly no breakthroughs yet between senator mcconnell and senator reid, but there's a real possibility of a deal. i've been a legislator for 37 years, and i've watched how these things work.
the world is watching and waiting to see what happens here today in washington. at this hour, congressional leaders are working to find common ground, desperate for some sort of compromise. my sources tell me this morning the odds of a deal are still no better than 50/50. the senate will convene today at 1:00 p.m., the house back in at 2:00 p.m. stock markets around the world are on edge. the dow down five days in a row falling nearly 160 points friday and early indications are those losses...
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Dec 30, 2012
12/12
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abc news, washington. >> ama: to a different kind of theft, there's a growing spike in crime all over the country targeting iphones, this shows a thief sneaking up on a victim and putting her in a head lock before snatching already iphone. one person crashed a bmw in into a store and then ran off with a stash. and in new york city, iphone thefts spiked 40%, and in e up 40%on, dc of all robberies. san francisco police say they've received 1700 reports storm cell phones this year. >> a flooding expedition goes horribly wrong in the san gabriel mountains. it was caught on video. almost turned to disaster when a man fell through the ice, and one person after another tried to save him, only to fall in themselves. >> coming across the ice really fast and went from cheering to an unbelievable amount of panic and chaos. >> give me the rope. >> a crowd gathered on shore, frantically screaming for help. at one point 12 people in the water. it ended after nine minutes when everybody was finally hauled out to shore. >> high surf and heavy winds kennedy rescuers busy on the beach. a 9-1-1 call cam
abc news, washington. >> ama: to a different kind of theft, there's a growing spike in crime all over the country targeting iphones, this shows a thief sneaking up on a victim and putting her in a head lock before snatching already iphone. one person crashed a bmw in into a store and then ran off with a stash. and in new york city, iphone thefts spiked 40%, and in e up 40%on, dc of all robberies. san francisco police say they've received 1700 reports storm cell phones this year. >>...
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Dec 31, 2012
12/12
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CSPAN
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it is time for us in washington to do the same. here in the senate it seems to me we are always fighting about something. that might not change any time soon, but more often than not i believe we can rise to the common ground of great national purpose. i believe with all of my heart that this is one of those times. thank you, mr. president. i yield the floor. >> about a half hour on the house side -- later, john larson briefed reporters on the latest fiscal cliff news. >> the evening. in keeping with the holiday spirit, maerry everything and happy always. would it be that we could make the american people happy by attending to the work at hand. we just concluded a caucus. our membership is as frustrated as the american people we are sworn to serve because we understand and continue to be befuddled why we cannot bring a proposal to put the country back to work. why we cannot deal with a tax cut for the middle-class, the specially when both sides agree that the country needs to go back to work. and that we need a middle-class tax rel
it is time for us in washington to do the same. here in the senate it seems to me we are always fighting about something. that might not change any time soon, but more often than not i believe we can rise to the common ground of great national purpose. i believe with all of my heart that this is one of those times. thank you, mr. president. i yield the floor. >> about a half hour on the house side -- later, john larson briefed reporters on the latest fiscal cliff news. >> the...
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Dec 30, 2012
12/12
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WUSA
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captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. substituting for bob schieffer, cohost of "cbs this morning," norah o'donnell. >> o'donnell: good morning, again. tom coburn and dick durbin are here, and we'll turn to both of you in just a moment. but we want to start with some new information from chief white house correspondent major garrett and congressional correspondent nancy cordes who are here. i know you have both been speaking with your sources this morning, and, nancy, what's the latest? >> reporter: nora, democrats will at this point are very pessimistic that leader reed and leader mcconnell will be able to strike that deal that they were so hopeful about 24 hours ago. the two staffs worked late into the night. they trade proposals will back and forth but democrats tell us they are just still too far apart on taxes. democrats was soset the limit at $250, 000, let the tush of bush tax cuts expire for people making more than that. republicansment that limit to be higher, and they're also far apart on estate taxes. they will
captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. substituting for bob schieffer, cohost of "cbs this morning," norah o'donnell. >> o'donnell: good morning, again. tom coburn and dick durbin are here, and we'll turn to both of you in just a moment. but we want to start with some new information from chief white house correspondent major garrett and congressional correspondent nancy cordes who are here. i know you have both...
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Dec 30, 2012
12/12
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WMAR
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. >>> now to the epic dysfunction playing out in washington. a sort of theater of the absurd that might actually be amusing if the stakes weren't so high for the rest of us. >> that's right. two days left until we all go over the fiscal cliff, which would mean everyone's taxes will go up, and sharp spending cuts will go into effect. that could drive our economy back into recession. so let's go to abc news chief white house correspondent jonathan karl filling in today for george stephanopoulos as host of abc's "this week." >> hey, jon, good morning. i know today and tomorrow, obviously hugely important. can you sort of walk us through the potential order of operations? what could we see play out today and tomorrow? >> well, it is right down to the wire, dan. what's happening right now is harry reid and mitch mcconnell, the top democrat, top republican in the senate, are still negotiating their staffs at this hour. they are supposed to be working until about 3:00 this afternoon when the plan would be presented to both caucuses. as we understand w
. >>> now to the epic dysfunction playing out in washington. a sort of theater of the absurd that might actually be amusing if the stakes weren't so high for the rest of us. >> that's right. two days left until we all go over the fiscal cliff, which would mean everyone's taxes will go up, and sharp spending cuts will go into effect. that could drive our economy back into recession. so let's go to abc news chief white house correspondent jonathan karl filling in today for george...
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Dec 30, 2012
12/12
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"the washington times." will go to the democrat line, charles from texas. caller: first, i have a question. this morning when i was watching the news, did i understand that congress is getting a raise next year? host: we will have a story on that later. caller: i think they should lead by example. they need to take a pay cut if we are taking pay cuts. we need to stop foreign aid all the way around. host: will that be enough to solve the debt problem? caller: know, there needs to be tax increases and spending cuts, but i do not think it has to come out of social security and medicare and medicaid. i think foreign aid and whistle spending, and i also think -- wasteful spending, and i also think that tax breaks are an entitlement because nobody gets them equally. host: i want to go from mike -- go to mike from the independent line. caller: i would like to say that this fiscal cliff is a charade. it is promoted by the media. it has nothing to do with fixing our economy. the president has had an opportunity to go
"the washington times." will go to the democrat line, charles from texas. caller: first, i have a question. this morning when i was watching the news, did i understand that congress is getting a raise next year? host: we will have a story on that later. caller: i think they should lead by example. they need to take a pay cut if we are taking pay cuts. we need to stop foreign aid all the way around. host: will that be enough to solve the debt problem? caller: know, there needs to be...
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Dec 30, 2012
12/12
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FOXNEWSW
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keep in mind, washington d.c. last year passed the silicon valley as the town now as the highest per capita income in the country. and this is going to add to that and it shows the disconnect between what i call the permanent political class in washington and what's going on in the rest of the country. >> dave: and also interesting the president is talking about tax increases for those making 200 or more, but just below 200 is almost every member of congress. peter schweitzer from stanford university, thanks for being on this morning. >> hey, thanks for having me. >> dave: up next, secrets of brad and angelina's christmas vacation revealed. why everyone is talking about brangelina. and then a look back at the lives and legacies of the icons we lost in 2012, like whitney. ♪ yeah, i want to dance with somebody ♪ ♪ with somebody who ♪ to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabam louisiana or florida, they're gonna love it. sha
keep in mind, washington d.c. last year passed the silicon valley as the town now as the highest per capita income in the country. and this is going to add to that and it shows the disconnect between what i call the permanent political class in washington and what's going on in the rest of the country. >> dave: and also interesting the president is talking about tax increases for those making 200 or more, but just below 200 is almost every member of congress. peter schweitzer from...
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Dec 30, 2012
12/12
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KRON
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the people that you sent to washington needs to do their job. but the mitch mcconnell was seen arriving just after congressional leaders met with obama. >> we are going to work hard to see if we get there. i am hopeful and optimistic. >> reporter: missouri senator say that both sides have an important opportunity but the tax hike will not do much to address the debt. >> the presidential proposal will not even pay one-third of the interest on this massive 16 trillion dollar debt. >> reporter: they will return just one day before a deal needs to be reached. they will be unlikely burning the midnight oil. there will be-likely be burning the midnight oil. a who look outside at mount tam we will be right back. >> let us take a quick look outside. janu? >> we are expecting plenty of sunshine. it is also very cold with a chilly start. dense fog and low visibility. plenty of sunshine for those headed to the game. it is going to be another cold one. taking a look at your temperatures are, 36 in santa rosa. 39 and of vallejo, mid-40s in oakland. 38 and th
the people that you sent to washington needs to do their job. but the mitch mcconnell was seen arriving just after congressional leaders met with obama. >> we are going to work hard to see if we get there. i am hopeful and optimistic. >> reporter: missouri senator say that both sides have an important opportunity but the tax hike will not do much to address the debt. >> the presidential proposal will not even pay one-third of the interest on this massive 16 trillion dollar...